US Politics on Sidechat | you realize he can just borrow against his stock and access a large portion of its dollar value as liquid assets, while paying no cap gains or income tax, right?

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US Politics 21w

you realize he can just borrow against his stock and access a large portion of its dollar value as liquid assets, while paying no cap gains or income tax, right?

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Anonymous 21w

And that’s the tax codes fault

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Anonymous

#1 21w

whether it’s the fault of the tax code or not has no bearing on the validity of the counterpoint that the ultra wealthy can still access liquidity through debt. OOP was saying that pointing out Musk’s trillionaire status was irrelevant because he’s illiquid.

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